Czech National Bank Increases Stock Holdings in Intel Co. (NASDAQ:INTC)

Czech National Bank grew its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 6.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 994,534 shares of the chip maker's stock after acquiring an additional 59,390 shares during the quarter. Czech National Bank's holdings in Intel were worth $22,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Intel during the 4th quarter worth approximately $1,246,569,000. Two Sigma Advisers LP purchased a new position in shares of Intel in the 4th quarter valued at $289,752,000. Two Sigma Investments LP acquired a new stake in Intel during the 4th quarter worth $237,457,000. Toronto Dominion Bank lifted its position in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after acquiring an additional 6,157,853 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on INTC shares. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Susquehanna decreased their price target on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Seaport Res Ptn raised Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Wedbush cut their target price on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $21.57.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.19 during trading on Monday, reaching $19.74. The company had a trading volume of 67,730,959 shares, compared to its average volume of 81,318,714. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The stock has a market capitalization of $86.11 billion, a PE ratio of -4.51 and a beta of 1.15. The stock has a 50-day moving average price of $20.67 and a two-hundred day moving average price of $21.39. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The business's revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.